.The building is located at the intersection of Interstate 80and the Capital City Freeway, two of the busiest highways in theSacramento region, and is adjacent to a light rail station. For thepast five years, the Watt Avenue submarket vacancy has remainedbelow 9%, and currently stands at 5.7%. North Point CorporateCenter is currently 10% vacant.

The building was constructed in 1988 for the Internal RevenueService, which still occupies 92,000 sf, approximately 70% of thebuilding on a short-term lease. Maric College occupies theremainder of the leased space in the building, approximately 25,000sf.

Amstar acquired the property from G REIT, a public, non-tradedREIT sponsored by Santa Ana, CA-based Triple Net Properties LLC. Ina recent SEC filing, G REIT stated that the IRS lease was to expirein mid-August but was extended for 24 months, save for the IRS'right to cancel after 12 months. The annual base rent is $2.49million, which equates to approximately $27 per sf.